The Canadian Dollar (CAD) fell slightly to PKR 201.61 in today’s open market. It dropped from PKR 201.86 on September 27, showing a small decline.
Over the last month, CAD to PKR showed steady movement. For example, it stood at PKR 203.35 on September 13 and PKR 204.45 on August 29. The highest level in the last 30 days reached PKR 209.91. On average, the rate stayed near PKR 203.61, marking a 0.12% drop today.
Key Factors Driving the Rate
Several factors drive the CAD to PKR exchange rate. Interest rates, inflation, and global trade trends all play a role. Canada’s resource-based economy, led by oil and timber, often supports a stable CAD. However, today’s decline signals a short-term correction.
Pakistan’s Rupee faces pressure from high inflation, political instability, and rising debt. These challenges keep the exchange rate volatile.
Trade and Remittance Impact
A weaker CAD makes Canadian goods slightly cheaper for Pakistani importers. This shift could boost trade between both countries. However, Pakistani expatriates in Canada may see lower remittance value in PKR.
Investors and businesses should monitor the rate closely. Even small shifts can affect budgets and trade deals. Platforms like Wise and XE help users track live forex trends.
Over the last 90 days, CAD to PKR moved between PKR 201.61 and PKR 209.91, averaging PKR 204.27. This week’s slight drop shows why real-time updates matter for traders and travelers.
Currency Overview
The Canadian Dollar (CAD), known as the “Loonie,” operates under the Bank of Canada. Its strength comes from Canada’s stable economy and export power.
The Pakistani Rupee (PKR), managed by the State Bank of Pakistan, often struggles with inflation and external pressures. Understanding both currencies helps individuals manage trade, investment, and remittance decisions effectively.
